Unemployment and the Economy Essay by The Research Group

Unemployment and the Economy
A look at cross-influences, statistics, growth, technology, recession, the role of business and the government and theory.
# 20041 | 2,025 words | 17 sources | 1993 | US
Published on Mar 12, 2003 in Economics (General) , Labor Studies (General)

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From the Paper:

"Unemployment and its effects on the economy and the economy and its effects on unemployment are two of the most widely discussed, and perhaps least understood, questions posed by economists and politicians today. Vast quantities of data are routinely collected and disseminated by government agencies and independent researchers, and those figures often become sources of fervent debate as to their validity, reliability, and significance.

For example, U.S. national unemployment statistics for January 1992 showed a general unemployment rate of 7.1 percent; it was almost 14 percent for blacks and nearly 20 percent for teenagers (more than 35 percent of black teenagers were unemployed).. In June 1992, as the Department of Labor announced that non-farm employment suffered a net loss of 117,000 jobs,...."

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